Gaines, who relies in Detroit, joins NewDay USA from Cardinal Monetary Firm, the place he served as SVP, Capital Markets. He has additionally held former positions at Rocket Mortgage, Normal Motors and Quicken Loans.
NewDay didn’t reply to HousingWire’s request for remark by the point of publication.
Gaines’ appointment follows different management adjustments on the Florida-based firm, which final month appointed Ken Harthausen and Neil Brooks to steer its new mortgage program, NewDay Dwelling.
The program lets qualifying debtors with regular employment, robust credit score and adequate earnings to safe a totally underwritten U.S. Division of Veterans Affairs (VA)-backed mortgage with no cash down and aggressive charges.
These with out money for closing prices can use a companion product, NewDay Benefit, which funds these bills over 5 years and prices no curiosity if the steadiness is repaid inside a 12 months.
NewDay USA focuses on dwelling loans and refinances for U.S. veterans and their households. The corporate operates as a commerce identify of New Day Monetary LLC, a key holding of Chrysalis Holdings LLC. Per Modex knowledge, the corporate has a year-to-date (January 2025 by October 2025) manufacturing quantity of $1.72 billion.
